Copper wire market in Italy

Earlier Report Observations

The Italian copper wire market saw its volume contract from 682 thousand tons in 2018 to 617 thousand tons the following year. After this initial decline, consumption entered a phase of steady expansion, climbing to 668 thousand tons by 2023. However, this growth was interrupted in 2024, when the market size receded to 636 thousand tons.

Measured in value, the market experienced a more volatile trajectory. Its worth plummeted from $2.3 billion in 2018 to $1.6 billion in 2019. A powerful rebound followed, pushing the market value to $2.7 billion in 2021. For the remainder of the period, from 2022 to 2024, the market's value stabilized at this elevated level, fluctuating between $2.7 and $2.8 billion.

Production copper wire in Italy

In value, 2017-2020, M $ US

Copper wire production in Italy declined for the second consecutive year. In 2020, output was valued at 1 190 million US dollars, marking a 1.0% reduction compared to 2019. Over the period from 2017 to 2020, production decreased by 12.2%, with a compound annual growth rate of 4.2%. The highest value was recorded in 2018 at 1 839 million US dollars, which represented a 35.7% increase from the previous year. The largest decline occurred in 2019, with a drop of 34.6%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

In kind, 2017-2020, K t

Copper wire production in Italy declined for the second consecutive year. In 2020, Italy produced 521.8 thousand tonnes of copper wire, down 6.0% year-over-year. Over the period from 2017 to 2020, production decreased by 12.2%, with a compound annual growth rate of 4.2%. The peak was reached in 2018 at 611.7 thousand tonnes, reflecting a 14.9% increase from 2017. The largest decline was in 2019, with a 9.2% decrease.

Annual dynamics of production in Italy in kind, 2017-2020, K t

Exports copper wire from Italy

Exports in kind, K t

Copper wire exports from Italy declined for the third consecutive year. In 2020, export volume amounted to 45.9 thousand tonnes, showing a sharp decrease of 28.5% compared to 2019. Between 2017 and 2020, exports decreased by 38%, equating to an annualized rate of 14.7%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, K t

From 2017 to 2020, copper wire exports from Italy were distributed across many countries. Romania accounted for 20.5% of exports in kind, Tunisia for 15.4%, and Spain for 11.2%. Together, these three countries represented only 47.0% of total export flows, indicating a diverse market spread.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, M $ US

Copper wire exports from Italy declined for the second consecutive year. In 2020, export value reached 304.7 million US dollars, a drop of 26.9% compared to 2019. Between 2017 and 2020, exports decreased by 36.6%, with an annualized rate of 14.1%. The highest value was recorded in 2018 at 480.6 million US dollars, which showed no change from 2017.

Annual dynamics of product's exports from Italy in value, 2017-2020, M $ US

The structure of copper wire exports in value terms from 2017 to 2020 highlights a diversified set of trading partners. Romania contributed 20.0% of exports in value terms, Tunisia 14.9%, and Spain 11.0%. Combined, these three countries accounted for only 45.9% of total flows, while the remaining 54.1% was spread across numerous smaller markets.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports copper wire to Italy

Imports in kind, K t

In 2020, Italy imported 145.2 thousand tonnes of copper wire, a robust increase of 15.0% compared to 2019. Between 2017 and 2020, imports grew by 13.2%, with an annualized rate of 4.2%. The lowest volume was recorded in 2019 at 126.3 thousand tonnes, which represented an 8.5% decline from 2018.

Annual dynamics of product's imports to Italy in kind, 2017-2020, K t

From 2017 to 2020, Germany, Spain, and Turkey were the leading suppliers of copper wire to Italy. Germany accounted for 51.1% of imports in kind, Spain for 22.6%, and Turkey for 8.4%. Together, these three countries made up 82.1% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

In 2020, Italy's copper wire imports amounted to 931.2 million US dollars, reflecting a robust increase of 16.0% year-over-year. Between 2017 and 2020, imports increased by 15.9%, with an annualized rate of 5.0%. The lowest value was in 2019 at 802.6 million US dollars, a 14.4% decline from 2018. The highest value was recorded in 2018 at 937.9 million US dollars, which marked a 16.7% increase from 2017.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

From 2017 to 2020, Germany, Spain, and Turkey consistently remained the main sources for copper wire imports to Italy in value terms. Germany accounted for 50.5% of imports in value terms, Spain for 21.8%, and Turkey for 9.5%. Together, these three countries represented 81.8% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020